Bond notes make dramatic entry in Zimbabwe

Earlier today Zimbabweans were introduced to the $2 bond note and $1 bond coin on Monday.

Banks issued the token currency pegged at 1:1 against the US dollar.

Earlier in the days some retailers refused to accept it for a period, a few citing a lack of familiarity with security features fearing they will be handed forgeries.

By lunch time most outlets visited by our 3-mob.com in Harare and Bulawayo were accepting bond notes. Some individuals we reached out to in other parts of the country had either not seen the bond note or had not had the opportunity to use it.

We visited road port twice and even though there were rumours of an exchange rate outside the 1:1 when the day began there was no change.

A dealer we spoke to said they were employing a wait and see attitude given their focus was more on Rands than US dollars.

There were also some public transport operators in the morning who resisted the note. While we cannot say for sure that all of them started using them, a few we asked at 4th street, Copacabana ranks as well as the illegal loading bay opposite Holiday Inn said they were accepting the new token currency.

We will keep an eye on this.

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